Finance minister Nirmala Sitharaman will be presenting the Interim Budget 2024 in the lower house of Parliament. This is for the sixth time that FM Sitharaman is presenting the budget. A lots of big announcements are expected as India heads into election mood next month for the 2024 general elections.
#Budget2024 #Budgetlive #NirmalaSitharaman #InterimBudget #PMModi #Financenews #Financeupdates #Indianews #Oneindia #Oneindianews
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#Budget2024 #Budgetlive #NirmalaSitharaman #InterimBudget #PMModi #Financenews #Financeupdates #Indianews #Oneindia #Oneindianews
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NewsTranscript
00:00 Today is a big day for the NDA2 government as the Finance Minister Nirmala Sitharaman
00:06 will be presenting the interim budget for the year 2024 before India heads into the
00:12 general elections.
00:14 The Parliamentary Affairs Minister outlined the main agenda of the brief session including
00:18 the President's address and a presentation of the interim budget and the debate on the
00:22 motion of thanks to the President's address culminating in a reply by the Prime Minister.
00:27 Many people, including the lower class and the upper-rich class, have some big expectations
00:32 from the budget.
00:33 There is a call for announcements that provide a nudge in the right direction for various
00:37 sectors.
00:38 Mentioning schemes announced in previous budgets to boost Indian start-ups, there are also
00:42 calls for measures to be announced to attract domestic and foreign investment.
00:47 Expectations also include a focus on digital infrastructure, allocation of funds to build
00:51 a robust digital payment ecosystem for wider penetration, development of rural infrastructure
00:57 and strengthening of cyber security measures.
01:00 In addition, there are also some expectations to bring the GST on fuel which may possibly
01:04 reduce the fuel charges.
01:07 The upcoming budget presents an opportunity to lay the groundwork for a flourishing and
01:11 creative economy too.
01:13 Educational experts are calling on the government to support in shaping the design education.
01:17 Proposals include establishing a national education research fund to support innovation
01:21 and attract talent, improving faculty development and infrastructure.
01:26 Whereas in the wake of the upcoming budget, there is also an optimism about further reforms
01:30 that could catalyse the start-up ecosystem in India.
01:34 Anticipated measures include streamlined funding process, enhanced digital infrastructure,
01:39 targeted skill development, etc.
01:42 The manufacturing sector also anticipates a visionary PLI scheme this time too, fostering
01:47 innovation for global competitiveness.
01:49 Whereas there is also some chances that tax slabs may get renewed despite the fact that
01:54 last year it just got revamped.
01:57 As these expectations run high, the diverse range reflects the nation's eagerness for
02:02 an impactful policy that can propel growth across all sectors of India.
02:06 And so, we advise you too to stay tuned at One India News English for a comprehensive
02:11 coverage and insights as the budget unfolds.
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